AAA TransUnion enters Dashlane in $22.5m series C

TransUnion enters Dashlane in $22.5m series C

US-based online identity management platform Dashlane closed a $22.5m series C round on Wednesday led by credit information service TransUnion.

Venture capital firms Rho Ventures, FirstMark Capital and Bessemer Venture Partners also took part in the round.

Founded in 2011, Dashlane has developed a password and online identity management tool that securely stores a user’s logins, credit card details and other personal information.

TransUnion will collaborate with Dashlane to develop services for their respective clients, focusing on credit monitoring, identity and fraud protection as well as credit information and breaches.

TransUnion will also give Dashlane access to its partner channels in the US and internationally to help the company expand.

John Danaher, president of TransUnion Consumer Interactive, will join Dashlane’s board of directors. Carl Pascarella, former chief executive of payment services provider Visa, will also join the board as an independent director.

Dashlane has signed partnership agreements with several financial services providers over the past few months, including Banamex and an unnamed subsidiary of Citigroup. It is expected to announce further partnerships in the near future.

Dashlane previously secured $22m in a 2014 series B round led by Bessemer that also featured Rho, FirstMark and company founder Bernard Liautaud.

Rho and FirstMark co-led a $5m series A round in 2011 that included Liautaud, and the VC firms returned in 2012 to inject an additional $3m.

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